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Just added $1000/mo. To my bottom line

Discussion in 'Real Estate & Other Investments' started by 97guns, Oct 10, 2017.



  1. TAEZZAR

    TAEZZAR LADY JUSTICE ISNT BLIND, SHES JUST AFRAID TO WATCH Midas Member Site Supporter

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    The stock mkt is for the insiders, I stay the hell out of it !!

    PM's & Real Estate for me !
     
  2. nickndfl

    nickndfl Midas Member Midas Member Site Supporter ++

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    I could easily add $1k to my bottom line and lose 100 lbs at the same time, but I would need to find a new wife.
     
  3. EO 11110

    EO 11110 He Hate Me Mother Lode

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    my warning above has come home to roost. i still advise selling. not unlikely these losses will double. after that, then you can pick up a few of the higher quality, non-leveraged reits. you will be able to get 4 to 8 percent on them. also might look at mlp, master limited partnerships (oil, pipelines, etc) - they have better yields, but more risk. and goofy tax form crap

    AMZA - down approx 19% from your Oct post to today - approx 4 month price performance. your divs have offset a small part of the losses.
    BDCL - down 21%
    CEFL - down 14%
    MORL - down 26%
    PER - down 23%
    WPG - down 35%
     
  4. 97guns

    97guns Gold Member Gold Chaser

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    My losses weren’t that severe because like I said as soon as I bought in I began feeling uneasy, the 8 issues I started out with turned to 6 then 4, just this morning I was down to 2 issues, cefl and NRZ, I took a $3500 loss on the stocks after collecting some divid, my crypto loss on paper is $6k at the monent
     
  5. EO 11110

    EO 11110 He Hate Me Mother Lode

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    great job! i too many times have held losers too long
     
  6. 97guns

    97guns Gold Member Gold Chaser

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    No risk, no reward, took a shot at creating a bit more income but yeah I felt it’s time to cut some losses before it does become catastrophic even at the small 2% of net worth
     

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